Auto insurance The auto insurance industry’s financial results are projected to reflect the impact of corrective actions taken to address surprise spikes in the frequency and severity of claims, which had the effects of pushing losses in 2016 and 2017 to their highest levels since the start of the century. (Photo: Shutterstock)

Auto insurance has accounted for more of the U.S. property & casualty (P&C) industry’s premium volume in recent years, with several rounds of loss-fueled rate increases accelerating premium volumes in the short term, accordingly to S&P Global Market Intelligence’s 2018 US Auto Insurance Market Report.

Developments such as ride-sharing, the emergence of autonomous vehicle technologies and the introduction of new insurance pricing models threaten varying degrees of disruption to a sector that has historically accounted for the largest segment of overall P&C insurance premium volume.

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Jayleen R. Heft

Jayleen Heft is the digital content editor for Contact her at [email protected]

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